First Citizens BancShares: Room to Run After the SVB Acquisition

The North Carolina-based First Citizens BancShares (NASDAQ: FCNCA) made a big move when it acquired most of the assets and liabilities of SVB Financial, which collapsed in March and was seized by regulators.

The deal was immensely accretive to First Citizens' tangible book value or net worth, as well as the bank's earnings, leading to a huge jump in the bank's share price since completing the deal.

While there are inherent risks that First Citizens faces as it works to integrate and stabilize the SVB businesses it acquired, I think the stock could have a lot of room to run over the long term. Here's why.

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Source Fool.com